Question 4012 of 287 · Texas Life, Accident and Health Agent Exam
The needs approach to life insurance planning adds up
Exactly one answer is correct.
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Correct answer to question 4012
- D: final expenses, debts, income needs, education and other goals, then subtracts existing resources
Explanation
The need analysis lists the family's financial obligations after the death of the wage earner and subtracts assets and existing insurance. The difference is the amount of new insurance needed.
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